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AGF Confirms Recovery Of $110m Worth Assets

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By Gloria Ikibah
The Minister of Justice and Attorney General of the Federation (AGF), Prince Lateef Fagbemi has confirmed the recovery and return of over $110 million assets from various countries.
The AGF disclosed this when he appeared before the House of Representatives’ Committee on Justice for the 2024 budget defence and 2025 budget proposal on Tuesday in Abuja.
However he was unable to give breakdown of the fund returned including the $52.88 million recovered assets linked to former Minister of Petroleum Resources, Diezani Alison-Madueke, by the United States government.
Fagbemi who explained that the Ministry has developed a template for most of the agreements and sharing with some of the State Governments in order to help them to review contracts, said that is where most of the damages and risks are.
While speaking on the judgement obtained against government, he recalled that the “popular case of P&ID, there were so many issues involved including engaging lawyers that are not up to the task. Some of these commercial transactions are not given to friends or lawyers merely because they are friends. They must be people who have capacities in terms of training, in terms of experience and we have learnt our lessons in this regard.
“So, we are trying our best to ensure that those we engage are those with certified  advisory given to us during the P&ID case. That whatever you want to give cases out, you don’t do it out of patronage, we look at the competence of the counsel involved.
“For instance, the mere fact that you’re a constitutional lawyer in Nigeria does not make you a good commercial lawyer or an arbitrator offshore or even here, so this one we have taken care of.”
The AGF further stated that State Governments are at liberty to engage in foreign transactions, but noted that the sub-national governments are not recognized in case there are arbitration, stressing that it is the national government that takes such responsibilities.
According to him, back home, the Federal Government can subnational governments “to pay or indemnify the national government or if they don’t indemnify, there is an implied condition that you ask them to pay or you probably deduct it from what is due to them when you’re doing the usual FAAC allocation.”
In the bid to avert future occurrences, he assured that measures are being put in place to ensure that agreements are properly signed, adding that there are instances where the Ministry has declined from approving many agreements between foreign agencies
In his address, the Chairman of the Committee, Rep. Olumide Osoba,  commended the Ministry for the landmark achievements recorded so far.
He said: “In the past year, Nigeria has witnessed significant judicial decisions that reinforce the principles of justice and governance: Supreme Court ruling on Local Government Autonomy: On July 11, 2024, the Supreme Court delivered a landmark judgment affirming the financial and administrative autonomy of local governments.
“This ruling declared it unconstitutional for state governors to withhold funds allocated to local governments or to dissolve local government councils arbitrarily, It recognized Local Governments as the third tier of Nigeria’s governance structure, thereby strengthening grassroots democracy and enhancing service delivery at the local level.
“P&ID Case Success: Nigeria achieved a significant legal victory in the case against Process and Industrial Developments (P&ID). The court quashed the previous judgment that had imposed a substantial financial liability on the country, thereby safeguarding our national assets and preserving economic stability.
“These judicial outcomes exemplify the robustness of our legal system and underscore the importance of unWavering commitment to justice and the rule of law”.
Speaking during the review of the 2024 budget defence, Rep. Osoba queried the Ministry for failure to provide details on the utilisation of N4.7 billion reportedly spent on legal services.
He explained that the Ministry is working to ensure that any entity working with Nigeria comply with the laws of Nigeria.
“There’s one critical area where we also as much as possible stand our foot, that is in the area of arbitration especially the laws that govern administration and the seat that govern arbitration.
“You know it is sad to experience a situation or situations in which people come here to take our money and still want the seat of arbitration outside Nigeria and the relevant laws that govern their transactions to be laws in England. So, they have to choose to do business with us, take our money and also comply with our own laws here.
“And so, we have arbitration and prosecution Act which was passed into law in 2023. This has significantly impacted on our fortunes in this regard”, he stated.
The lawmakers also accused the Ministry of usurping the powers of the Parliament for re-appropriating the approved funds for 2024 fiscal year for other purposes not approved by the Parliament without due process

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Wike’s flashback on Amaechi: “I was his campaign DG in 2011, after that he has not won any election in Rivers”(Video)

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Federal Capital Territory FCT minister Nyesom Wike on a memory lane said his predecessor, Rotimi Amaechi has failed to win any election after he supervised his Guber election in Rivers in 2011.

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Confusion As Abductors Of Oyo Corps Members Demand ₦50m Ransom For Each Victim

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Families of prospective National Youth Service Corps (NYSC) members from Oyo State have been thrown into panic after kidnappers reportedly demanded a combined N50 million ransom for each of their victims abducted along the Owerri-Onitsha Road in Imo State.

Recall that the victims were travelling from Ibadan, Oyo State, to NYSC orientation camps in Abia and Akwa Ibom States when gunmen attacked two buses in the Umunoha area of Imo State on Thursday.

The Managing Director of Uko Akwa Ibom Motors Nigeria Limited, Isiah Akpan, whose company operates the buses, confirmed the development.

According to Akpan, the kidnappers contacted some of the victims’ families and demanded ₦50 million for each abducted passenger.

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The development has heightened fears among relatives, who are anxiously awaiting the safe return of their loved ones as security agencies intensify efforts to locate the victims.

Akpan said the two buses departed Bodija/Samonda Park in Ibadan on Wednesday but were delayed by heavy traffic around Benin, Edo State.
He said the buses eventually arrived in Onitsha, Anambra State, late that day.

However, due to the condition of the road, the drivers and passengers decided to spend the night in Oba before continuing their journey the following morning.
According to him, the buses resumed the journey from Oba at about 5 a.m. on Thursday.

Akpan said the vehicles had barely entered Imo State when gunmen emerged from the bush, blocked the buses and forced 19 passengers into the bush.

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“They blocked the two vehicles and took 19 passengers, all corps members, into the bush,” Akpan said.
He said the drivers escaped and alerted security personnel at a nearby checkpoint, prompting police and military personnel to commence a search for the abductors.
Akpan, however, said the operation was initially delayed after some villagers allegedly prevented security personnel from moving the abandoned buses from the scene.

The buses were eventually left at the location, with some of the passengers’ belongings scattered inside.
Less than 24 hours after the incident, the Imo State Police Command said that 10 victims had been rescued.

Families of the victims have been receiving ransom demands
The reported ransom demands have deepened the anxiety of relatives of the missing graduates.
Some of the parents who spoke to Channels Television appealed to both the state and federal government to come to their aid and secure the release of their children.

Some of the parents in an interview with Channels Television noted that they are helpless in the face of the demands being made by the kidnappers. They are also worried about the safety of their children.

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Olawale Olaleke, while speaking with Channels Television, said his son was one of those posted to Abia State to serve but was unfortunately kidnapped before he got to his destination.

Another parent, Olawale Olalere, narrated his ordeal with tears in his eyes, calling on Governor Seyi Makinde and President Bola Tinubu to come to their rescue.

He said, ” The vehicle took off from Samonda and slept in Onitsha, from where they took off the following morning, and just as they got to Owerri in Imo State, we heard they had been kidnapped.

” We are here to appeal to the government to come to our rescue. This morning, when they confirmed that they have been kidnapped, they’re already demanding N50 million naira on each victim”.

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Mrs Oladosu said her daughter, Greatness, was travelling to Uyo when she was abducted
According to Oladosu, the kidnappers briefly contacted the family through her daughter’s phone and allowed them to see Greatness and other victims during a video call.

She said the victims were seen sitting on the ground in the bush and crying.
“Where will petty traders get N50 million? They are just going to serve Nigeria; why this punishment?” she said.

Another victim’s mother, Alimotu Akanke, said her son, Akande Farouq, who was posted to Abia State, managed to send a brief message to his family before his phone went off.
Farouq reportedly sent the word “Kidnappers!” to the family’s WhatsApp group before communication was lost.

Meanwhile, Friends and relatives of the victims have begun to seek help online.
As families await news of the victims, friends and associates of some of the abducted graduates have launched social media campaigns calling for assistance and their safe release.
A manifest from the two buses reportedly listed 30 passengers, 15 in each bus, although the number of people actually abducted and the identities of those rescued remained subject to clarification as security agents are yet to release the manifest from the transport company.

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Oyo Govt Condemns Crime
The Oyo govt has condemned the abduction of the corps members and assured the parents and relatives of the victims of their safe release.
The assurance was given at the Oyo State Government Secretariat when the families affected paid a visit in protest of the abduction.
Executive Assistant to Gov Seyi Makinde on Security, Sunday Odukoya who attended to the group, attempted to calm frayed nerves, assuring them that Gov Makinde is working with all relevant stakeholders to secure the release of the Corps members.

Police Launch Rescue Operation
The Police Public Relations Officer, DSP Henry Okoye, said security agencies were pursuing the abductors and had launched a coordinated operation to rescue the remaining victims.
However, it is unclear whether those 10 rescued persons were among the corps members reportedly abducted from the two buses.

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Wike tackles Amaechi: Account for $39m Hospital, N68bn Monorail, N10bn anti-malaria fumigation

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… FCT Minister challenges ex-Rivers governor over stalled projects, 24-year public record

… Questions N10bn anti-malaria fumigation spending, electoral claims

… Says political leadership should empower, not pull others down

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has fired back at former Rivers State Governor Rotimi Amaechi, challenging him to account for major projects and expenditures incurred during his administration.

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Wike made the statements on Saturday, during a visit to the Uzugbani Ekpeye National Executive Council at Ekpeye House in Ahoada, Ahoada East Local Government Area of Rivers State.

Wike, who spoke on Saturday during an interactive meeting with the Uzugbani Ekpeye National Executive Council as well as leaders and stakeholders of Ahoada East and West Local Governments, Rivers State at the Ekpeye House in Ahoada, was reacting to Amaechi’s appearance on Channels Television’s Politics Today on Friday evening.

Amaechi, a former governor and Minister of Transportation, had criticised the Federal Government over its record of project delivery and challenged the administration to name major projects it had completed.

But Wike turned the spotlight on his predecessor’s record in Rivers, questioning what became of several projects initiated under Amaechi.

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He specifically raised questions over the $39 million reportedly paid for the Justice Adolphus Karibi-Whyte Specialist Hospital, the N68 billion monorail project and about N10 billion allegedly spent on an anti-malaria fumigation programme.

Wike asked what became of the money committed to the hospital project after the facility was not completed.

The controversy over the hospital dates back to the Amaechi administration.

A Rivers State judicial commission set up under Wike had investigated the payment of $39.2 million to a contractor for the project and its failure to materialise.

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Wike also questioned the fate of the monorail project, which was among the major infrastructure schemes initiated by the Amaechi administration, as well as the expenditure on the fumigation programme.

He went further to criticize a $10 million malaria control project that was executed with Cuba to eradicate mosquitoes in the state, dismissing the initiative as a scam.

“Ask him about the fumigation of Rivers State with people from Cuba in which $10 million was spent. Ask him whether mosquitoes have stopped biting us in Rivers State,” he said.

The FCT Minister said such issues should be considered when assessing the records of political leaders seeking higher office.

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Wike also challenged Amaechi’s record after spending eight years each as Speaker of the Rivers State House of Assembly, governor and Minister of Transportation.

“Someone was Speaker of the House of Assembly for eight years, Governor for eight years, and Minister for eight years, that is 24 years in top leadership positions. What can anybody point to that he attracted to Ekpeye Land in all those 24 years? Nothing! Not one single thing!” he said.

The minister urged the people of Ahoada East and West Local Governments to demand evidence of projects and political empowerment allegedly attracted to the area during Amaechi’s years in public office.

Wike said leadership should not be measured only by the offices occupied but by the people empowered, projects delivered and structures left behind.

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He contrasted this with what he described as his own efforts to empower people and develop political successors, saying leaders should not deliberately prevent others from rising.

Wike also criticised what he described as the use of personal and family tragedies for political purposes.

He said political disagreements should not descend into the exploitation of private grief, particularly matters surrounding the death of family members.

The minister warned against a political culture in which personal tragedies are deployed to gain sympathy or attack opponents.

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Wike further challenged claims about Amaechi’s political influence in Rivers State, asking supporters to examine his electoral record.

“Since I left him in 2011, after 2011, mention one election that he has ever won in Rivers State,” he said.

The minister also recalled their political relationship and past disagreements, including controversies surrounding appointments and business interests involving federal maritime agencies.

He contrasted what he described as Amaechi’s approach with the Tinubu administration’s establishment of regional development structures and appointments involving people from the South-South.

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His latest comments deepen the long-running political feud between the two former Rivers leaders, who once worked together before becoming major political rivals.

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